Tuesday, November 17, 2009

UK: Trojan Bank Fraud Gang Sentenced

Nick Heath writes on Silicon.com:

Four men have been sentenced to prison time for being part of a gang that stole just under £500,000 (US$840,582) from UK bank customers.

The men were sentenced last Friday at Southwark Crown Court in London for their part in an international criminal network that stole the money from 138 account holders.

Azamat Rahmonov, Shohruh Fayziev, Joao Dos Santos Cruz and Paulo Jorgi were sentenced to a total of more than 13 years in prison, having pleaded guilty to charges relating to the case at an earlier hearing at Southwark Crown Court.

The gang were able to steal the money using a Trojan that transferred funds from victims to their own money laundering accounts.

Once users of PCs infected with the Trojan logged into genuine online bank accounts, the Trojan would insert a spoof banking webpage into their session, asking for personal and financial details.

The Trojan then used the information to create new transactions that sent money from the victim's account through a web of middlemen, known as money mules, to other members of the international criminal network in Eastern Europe and Russia.

More here.


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